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HAZAMA ANDO narrows losses after raising FY March 2026 earnings forecast and announcing new mid-term plan
HAZAMA ANDO CORPORATION <1719> narrowed its losses. Around 3:00 p.m., the company announced upward revisions to its consolidated earnings forecast for the fiscal year ending March 2026, raising sales from \435.0 billion to \438.0 billion (up 3.0% year-on-year), operating profit from \29.7 billion to \32.0 billion (down 9.2% year-on-year), ordinary profit from \29.0 billion to \31.4 billion (down 7.8% year-on-year), and net profit from \20.3 billion to \28.4 billion (up 7.4% year-on-year). The revisions were well received by the market.
The main factors behind the revision include construction projects progressing generally smoothly, as well as improved profitability mainly in building construction projects, which led to higher-than-expected completed construction profits. Additionally, the company will post approximately \10.0 billion in gains from the sale of investment securities associated with the disposal of policy-held shares.
Simultaneously, HAZAMA ANDO announced its medium-term business plan targeting sales of \550.0 billion and ordinary profit of \36.5 billion for the fiscal year ending March 2029. The company aims to further strengthen its core areas with a focus on its construction business.
Source: MINKABU PRESS
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